Chris Skinner
AUGUST 25, 2019
I often talk about the business model of a bank (or any business) being made up of three major parts: A back office that manufactures the product and administers the service; A middle office where the infrastructure is built to connect the back and front office; and A front office … The post The economics of the network appeared first on Chris Skinner's blog.
PYMNTS
AUGUST 25, 2019
The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug. 25). The Jackson Hole, Wyoming, conference was comprised of current and former central bankers, including Bank of England Governor Mark Carney , who has challenged the dollar’s position as the world’s reserve currency.
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Banking Exchange
AUGUST 25, 2019
Understanding how AI is Transforming the Financial Ecosystem Bank Performance Technology Retail Banking Financial Trends Tech Management Mobile Online Outsourcing/Cloud Big Data Profitability Feature3 Fintech Customers Feature.
PYMNTS
AUGUST 25, 2019
Uber is trying to reassure its customers before a tell-all book about the company is released. One excerpt of the book, authored by New York Times reporter Mike Isaac , reveals that Uber misled customers into paying $1 more per ride by telling them the rideshare giant would use the proceeds to pay for an “industry-leading background check process, regular motor vehicle checks, driver safety education, development of safety features in the app, and insurance.”.
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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
Payments Source
AUGUST 25, 2019
In a world where not all gig workers can afford to be choosy, nor all companies agree to go against internal policy and pay early, innovation in pay advance products can provide a mutually beneficial solution, according to payments marketing consultant Gabriel Onyango.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankBazaar
AUGUST 25, 2019
You’ve got four months to the end of the year. Can you manage to bump up your Credit Score to the next level by then? Read on to find out. If your New Year resolution was to improve your Credit Score by the end of 2019, you may not be alone. However, resolutions are typically forgotten once we get past January! Now that you’re already in the eighth month of the year, it’s a fair time to check if your Credit Score is growing as planned.
PYMNTS
AUGUST 25, 2019
Target is bringing some Disney magic into select stores starting this fall. The retail chain’s CEO, Brian Cornell, told reporters on a conference call this weekend that Target will open 25 Disney-branded stores starting Oct. 4, with 40 more locations opening by October 2020. In addition, Target launched a Disney-focused online experience on its site Sunday (Aug. 25), and will launch a new store near the entrance of the Walt Disney World Resort in 2021.
Payments Source
AUGUST 25, 2019
To other companies, Apple Card's pitch to consumers is not just free marketing; it's an entirely new market for a traditionally business-centric product.
PYMNTS
AUGUST 25, 2019
The fashionistas posting on Facebook have the attention of Kohl’s , which is looking to create a curated clothing line based on the brands people are wearing most, the Motley Fool reported Sunday (Aug. 25). Kohl’s is teaming up with the social media giant to uncover emerging brands that millennial shoppers consider cool. The line, called Curated by Kohl’s , will do a deep dive into Facebook’s data to identify brands in numerous categories that resonate with shoppers.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
The Paypers
AUGUST 25, 2019
(The Paypers) EcoCash , a Zimbabwe-based payments provider, has announced that it will launch a new wallet service which can be funded using WorldRemit and Western Union.
PYMNTS
AUGUST 25, 2019
Vietnam ’s new social network platform, Lotus, is looking to raise as much as 1.2 trillion dong ($52.1 million) in a bid to take on Facebook. Developed by media group VCCorp, Lotus has already secured an initial investment of 700 billion dong ($30.4 million) from local conglomerates and individuals, and it is now looking to raise another 500 billion dong ($21.7 million).
The Financial Brand
AUGUST 25, 2019
Financial institutions must decide how to prioritize investments to respond to fast technological and competitive changes in the industry. The post The Future of the Intelligent Bank is Still Uncertain appeared first on The Financial Brand.
PYMNTS
AUGUST 25, 2019
Hudson Yards is a New York City neighborhood that’s quickly establishing itself as a must-visit destination as Manhattan’s retail influence heads west, bringing with it a technological edge, Forbes reported Sunday (Aug. 25). Since opening in March, The Shops & Restaurants at Hudson Yards has given a home to digitally-native brands, and its seven-level immersive retail experience features some of the hottest clothing trends, where men’s fashion has a front row.
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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.
The Paypers
AUGUST 25, 2019
(The Paypers) Emirates NBD , First Abu Dhabi Bank , and Bank of Baroda have announced that they will start issuing RuPay cards in the UAE.
PYMNTS
AUGUST 25, 2019
All user passwords were reset at web hosting company Hostinger after it discovered a customer database was hacked, reports said on Sunday (Aug. 25). Hostinger said in a blog post that it got an alert that one of its servers was hacked on Thursday (Aug. 22). The breach included the company’s API database with about 14 million customer usernames, email addresses and passwords out of a possible 29 million customers. .
The Financial Brand
AUGUST 25, 2019
Why seemingly unrelated payment developments –Apple Card and Libra are two – may signal a critical turning point for banks and credit unions. The post 4 Key Pay Trends That Could Imperil Legacy Banking Providers’ Future appeared first on The Financial Brand.
PYMNTS
AUGUST 25, 2019
Chinese social eCommerce platform Wanwu Xinxuan has raised $20 million in a Series B round of financing led by Fresh Capital, with participation from Redpoint China Ventures, according to Deal Street Asia. Launched in August 2018, Wanwu Xinxuan is an online retail platform selling children’s apparel, shoes and accessories. And Experian Australia & New Zealand announced that it has acquired FinTech Look Who’s Charging.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
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